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March 20, 2014
14:01 EDTCBTCabot to sell Security Materials business to SICPA for about $20M
Cabot has entered into an agreement to sell its Security Materials business to SICPA for approximately $20M in cash consideration. The Security Materials business utilizes patented spray pyrolysis technology for brand protection activities and advanced nanotechnology for covert taggant applications. Headquartered in Lausanne, Switzerland, SICPA is the leading global provider of security inks, authentication and traceability solutions and services for banknotes, security documents and consumer products. In fiscal 2013, the Security Materials business generated $7M in revenue. The acquisition is expected to close by the end of fiscal year 2014, pending regulatory approvals.
News For CBT From The Last 14 Days
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September 30, 2014
09:31 EDTCBTCabot, Westmoreland announce activated carbon capacity expansion
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09:04 EDTCBTWestmoreland, Cabot announce activated carbon capacity expansion
Westmoreland Coal Company (WLB) and Cabot Corporation (CBT) plan to increase activated carbon manufacturing capacity in North America. The joint venture partners plan to double the capacity of their Bienfait, Saskatchewan manufacturing facility to meet the future demand for mercury removal products for use in the coal-fired utility market. The jointly owned facility will produce an additional 35 million pounds of powdered activated carbon. The Bienfait plant will continue to be served from a co-located mine that is operated by Westmoreland. The additional capacity will be commissioned in 2016. The expansion will produce Cabotís benchmark DARCO Hg family of mercury removal products. Cabot will be responsible for the marketing of these products as well as the technology package, while Westmoreland continues to be the operator of the plant.
September 23, 2014
07:30 EDTCBTUBS to hold a conference
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